President’s bank details shared with anti-graft watchdog
The Maldives Islamic Bank has released details of President Abdulla Yameen’s bank account details in an ongoing inquiry into allegations of embezzlement from state coffers.
24 Feb 2016, 9:00 AM
The Maldives Islamic Bank has released details of President Abdulla Yameen’s bank accounts in an ongoing inquiry into allegations of embezzlement from state coffers.
MIB had first refused to share information with the Anti Corruption Commission, prompting a warning by the watchdog ordering banks to comply with anti-graft laws.
Muaviz Rasheed, the ACC’s vice-president, confirmed that “information requested by ACC has been given by the banks.” He declined to comment further.
Yameen’s regime is mired in a massive corruption scandal involving the embezzlement of at least US$80million from tourism leases. The opposition claims it has evidence that some US$500,000 from stolen funds was deposited in Yameen’s account at the MIB in October.
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